THE LATEST RIGHTMOVE HOUSE PRICE INDEX... Some new movers pause while agreed deals rush to complete!

The rapid rise in average mortgage interest rates has understandably caused some would-be home-movers to pause their plans, but the vast majority of agreed sales are still going ahead. The number of fall throughs increased by just 0.1% in the two weeks after the mini-budget, compared with the same two weeks in 2019.

Asking prices are up by 9.6% year-on-year in Norfolk

To read the latest Rightmove House Price Index Report, please click here

SOURCE: Rightmove

Some new movers pause while agreed deals rush to complete

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Rightmove - "New record asking price with resilient activity despite stamp duty increase"

The market continues to demonstrate resilience with buyer enquiry and new seller numbers remaining ahead of the same period in 2024. Despite decade-high choice for buyers, the average property price increased 1.4% (+ £5,312) this month. This is ahead of the average April increase and sets a new record of £377,182.

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